The past five monthly returns for K and Company are 2.28 percent, 2.64 percent, -1.05 percent, 4.25 percent, and 9.25 percent. What is the average monthly return?
A)1.45 percent
B)1.62 percent
C)3.47 percent
D)3.89 percent

Question

Quizplus · Accepted Answer

The average monthly return is calculated by summing all the monthly returns and dividing by the number of months: (2.28 + 2.64 - 1.05 + 4.25 + 9.25) / 5 = 3.47 percent.

The Past Five Monthly Returns for K and Company Are